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Jonathan Graf, CFA a portfolio manager failed to intimate the broker of a trading instruction to sell a stock from her client’s portfolio after issuing a sell recommendation. Graf was in charge of making recommendations & taking investments actions for his client. This error resulted in a loss to the client who was upset with Graf. In order to make good the loss, Graf promised him over-allocation of a new IPO which was expected to be in great demand & having bright prospects.
Graf has most likely violated the standard concerning: